CFPB names another acting deputy director

keywords cfpb cfpb director consumer. But now that’s coming to an end. The acting director can only serve six months, unless there is another candidate already nominated and going through the.

 · Meredith Fuchs to fill role. The cfpb named steve antonakes as deputy director back in September 2013, and since then, he has made a name in the industry for his sometimes shocking speeches. In response to Antonakes stepping down, CFPB Director Richard Cordray, said, “Steve has been an enormous asset to the Bureau,

Mulvaney: Only One Director Came to CFPB Office  · No. The law is clear, and Mr. Mulvaney is the sole acting director of the CFPB. The Dodd-Frank Act did specifically create the office of deputy director. And the statute states (in Section 1011(b)(5)) that the deputy director “shall- (A) be appointed by the Director; and (B) serve as acting Director in the absence or unavailability of the Director.” But another federal law also addresses.

In the case of the CFPB, the debate is about whether the statute applies to the agency, whose specific line of succession would make Leandra English, the hand-picked deputy director, the acting.

"As deputy director, we will continue to benefit from Leandra’s in-depth knowledge of the operational needs of this agency and its staff," Cordray sad in a statement officially released by the CFPB.. But later in the day Friday, President Donald Trump "designated" Mick Mulvaney, currently the director of the Office of Management and Budget (OMB), as acting director of the CFPB.

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The new change will go into effect starting next week. He will serve as Acting Deputy Director until the CFPB names a new replacement. At the present time, Silberman serves as Associate Director.

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CFPB deputy director sues Trump to block Mulvaney as interim leader. By Sylvan Lane. English has also asked the court to ban Trump from appointing another acting director.

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McLeod, CFPB’s general counsel, sent to the senior leadership of the agency on Saturday, arguing that Trump has the authority to name the acting director. a little bit,” she said in a 2014.

By naming English as deputy director, Cordray, an Obama appointee, sets up a fight with the Trump White House, who wanted to assign its own acting director of the CFPB. The CFPB Director position.